Islamabad, April 3 (IANS) The Pakistan government has announced a sharp increase in fuel prices, with petrol rising by 43 per cent and high-speed diesel (HSD) by 55 per cent, according to local media reports. The price of petrol has been raised by Pakistani Rupees (PKR) 137.23 per litre from PKR 321.17 to PKR 458.41 while price of HSD has been increased by PKR 184.49 per litre from PKR 335.86 to PKR 520.35, Pakistan’s leading daily Dawn reported. The price of kerosene has been raised by PKR 34.0…
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Mumbai, March 28 (IANS) Addressing rising public concern amid the Iran–Israel conflict, Maharashtra Chief Minister Devendra Fadnavis on Saturday issued a stern warning against those spreading misinformation regarding fuel shortages or a potential lockdown, asserting that there is no such plan in place.“There is absolutely no plan for a lockdown,” he clarified, adding that India is well prepared to handle the current global fuel situation.He told reporters, “Some elements are intentionall…
Chandigarh, March 28 (IANS) Congress MP Manish Tewari on Saturday expressed concern over the escalating situation in the Gulf, stating that the ongoing conflict shows no signs of ending and is beginning to impact India’s economic and energy security. He stressed the need for urgent efforts to de-escalate tensions and reopen the strategically vital Strait of Hormuz. Speaking to IANS, Tewari said, “The situation is quite serious. The war in the Gulf does not seem to be ending, and it is having…
Bengaluru, March 27 (IANS) Senior BJP leader and the Leader of the Opposition R. Ashoka on Friday hit back at Karnataka Deputy Chief Minister and State Congress President D.K. Shivakumar over his criticism of fuel pricing, accusing the Congress-led state government of burdening people through repeated tax hikes on petrol and diesel. In a media statement, Ashoka said it was “ironic and laughable” that Shivakumar was speaking about rising fuel prices while the state government itself had incre…
Bengaluru, March 27 (IANS) Karnataka Chief Minister Siddaramaiah, Deputy Chief Minister D.K. Shivakumar, and AICC General Secretary Randeep Singh Surjewala on Friday launched a sharp attack on the Union government, alleging large-scale “loot” through taxation on petrol and diesel over the past 11 years.Addressing a joint press conference at the KPCC office in Bengaluru, Randeep Singh Surjewala charged that the Centre had collected Rs 43 lakh crore from taxes on petrol and diesel since 2014, …
New Delhi, March 27 (IANS) Union Finance Minister Nirmala Sitharaman on Friday said the Centre’s decision to slash excise duty by Rs 10 on petrol and diesel was aimed at protecting citizens from the impact of rising global crude oil prices, asserting that the government has chosen to absorb the burden rather than pass it on to consumers.Addressing the media, Sitharaman said the move reflects Prime Minister Narendra Modi’s clear policy approach of ensuring price stability and adequate fuel su…
Mumbai, March 27 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Friday hailed the Centre’s move to reduce excise duty on petrol and diesel, asserting that it will insulate Indian consumers from the fallout of the ongoing Middle East conflict. The Chief Minister termed the government’s action a vital protective measure against global energy volatility. The Centre has slashed excise duty by Rs 10 per litre on both petrol and diesel with immediate effect.Speaking to reporters, the Chief…
New Delhi, March 25 (IANS) The Congress on Wednesday launched a sharp attack on the Centre over rising fuel prices, LPG shortages, and Prime Minister Narendra Modi’s absence from key discussions, accusing the central government of ignoring pressing public concerns.Congress leader Pawan Khera said that ensuring easy access to LPG cylinders and curbing black marketing should be among the government’s top priorities.He stated that people in several parts of the country are being forced to stand…
New Delhi, March 25 (IANS) Experts have warned that Pakistan’s economy remains highly vulnerable to global shocks due to its heavy reliance on imported fuel, weak external finances, and limited fiscal space, cautioning that the situation could worsen without urgent structural reforms.However, they said that the government’s decision to sharply raise the petroleum levy on high-octane fuel is being seen as a move with some fiscal logic, as it targets a product largely used by luxury and high-p…
Washington, March 22 (IANS) US Transportation Secretary Sean Duffy has warned that the ongoing conflict with Iran is pushing up fuel and travel costs, saying it is the rising cost burden that is now affecting American consumers even as supply chains remain stable.In an interview on ABC News’ This Week with George Stephanopoulos, Duffy said airlines are not facing supply shortages but are under pressure from higher fuel prices. “It is the cost, right?” he said.The warning comes as fuel pric…